THE IMPACT OF BLOCKCHAIN ON INVESTMENT BANKING
Community investment banks is based on a business agreement, trust mechanisms and the reward system of blockchain technology. With the development of digital currency in the past few years, the basic underlying technology has been through some initial development. Blockchain technology is increasingly being applied to industries other than digital currency, which will bring a new vitality to all aspects of the real economy. The core of blockchain technology is decentralization, therefore it can effectively prevent all kinds of moral hazards caused by the centralized management of traditional investment banks, all while improving operational efficiency through collective wisdom and concerted efforts. With the further maturation of other supporting technologies, a subversive reform is imperative.
Banca use artificial intelligence and expert systems to achieve the dynamic and efficient automated management of the Banca ecological chain. Automation can overcome human weaknesses, and greatly reduce the probability of errors in data collection, integration, and processing. It makes the community bank inherit the advantages of large investment banks in terms of information and talent resources, yet overcome any efficiency loss caused by excessive vertical and horizontal levels in the management of large institutions. Artificial intelligence has successfully replaced manpower in the management of different elements of the Internet, operating motor vehicles, visual identification and other areas, and will eventually be widely used in the financial field